NREP will convert the current food market, WestMarket, into a hotel and has signed a 25-year lease agreement with an innovative international hotel brand that will open its first hotel in Denmark. Upon taking over the property, the current tenants will be vacated. In addition to a hotel, the part of the property acquired by NREP will continue to house Fitness World, Net and Føtex Food.
The conversion is expected to commence in early 2019 with opening in the first half of 2020.
NREP Purchase Westmarket in Copenhagen
Denmark — NREP, purchases that part of the property at Vesterbrogade, which has until now housed the WestMarket food market. NREP’s plan is to convert the food market into a hotel with expected opening in the first half of 2020.